v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Net premiums and contract charges earned $ 316.9 $ 302.6 $ 629.9 $ 600.9
Net investment income 120.5 110.8 231.2 226.7
Net investment losses (0.1) (5.9) (2.3) (9.2)
Other income 6.2 4.2 14.0 9.7
Total revenues 443.5 411.7 872.8 828.1
Benefits, losses and expenses        
Benefits, claims and settlement expenses (Reserve remeasurement (gains)/losses, $500000; $(2.4); $0.6; $(0.3)) 186.3 183.5 362.7 366.7
Interest credited 54.6 52.7 108.4 105.5
Operating expenses 108.5 96.9 212.0 187.7
DAC amortization expense 32.0 29.9 64.3 59.5
Intangible asset amortization expense 3.5 3.6 7.1 7.2
Interest expense 9.6 8.6 19.1 17.5
Total benefits, losses and expenses 394.5 375.2 773.6 744.1
Income before income taxes 49.0 36.5 99.2 84.0
Income tax expense 7.4 7.1 16.4 16.4
Net income $ 41.6 $ 29.4 $ 82.8 $ 67.6
Net income per share        
Basic (in usd per share) $ 1.02 $ 0.71 $ 2.03 $ 1.64
Diluted (in usd per share) $ 1.01 $ 0.71 $ 2.01 $ 1.63
Weighted average number of shares and equivalent shares        
Basic (in shares) 40.9 41.3 40.9 41.3
Diluted (in shares) 41.2 41.6 41.2 41.6
Statements of Comprehensive Income (Loss)        
Net income $ 41.6 $ 29.4 $ 82.8 $ 67.6
Other comprehensive income (loss), net of tax:        
Change in net unrealized investment losses on fixed maturity securities 6.9 4.6 (36.4) 47.5
Change in net reserve remeasurements attributable to discount rates (6.1) 0.7 16.6 (11.1)
Other comprehensive income 0.8 5.3 (19.8) 36.4
Comprehensive income $ 42.4 $ 34.7 $ 63.0 $ 104.0